The Pump For Agrieuro Corp (OTCBB:EURI) Is Still Active

Thanks to the incessant pumping the stock of Agrieuro Corp (OTCBB:EURI) managed to recover by more than 15% on Tuesday closing at 0.46 per share. Despite more alert emails being distributed before yesterday’s trading this time the performance of the stock was far less impressive – a gain of $4.3% and a close at $0.48. What will happen during today’s session though?

Well, the pumpers are still here. Finest Penny Stocks and Smart Stock Winners are trying to create as much artificial hype as possible. The promotion for EURI may be a lengthy one – an entity called Design Holdings Inc is splashing around some rather serious sums paying $100 thousand to Smart Stock Winners and $200 thousand to Finest Penny Stocks.

No matter how much the involved newsletter get paid though the red flags around EURI won’t become any less dangerous. The company is in a depressing financial state finishing the third quarter of the year with:

• $13 thousand cash
• $187 thousand total current assets
• $1.8 million total current liabilities
• $151 thousand revenues
• $96 thousand net loss

This was the first quarter this year during which EURI generated any revenues. In a PR issued last week the company informed us that it has sold its entire reed harvest but this may be far less impressive than it sounds – according to the quarterly report EURI expect to receive $40 thousand in sales from the last of their reed inventory. In addition ” the next possible timing for reed sales will occur in April 2016 after the winter harvest is completed sometime around March 2016″.

Investors have a lot more to worry about though. In order to raise some funds EURI sold 2.1 million shares priced at just $0.01 each. After the 40-for-1 forward split that was implemented this September the people who bought those shares now owned 84 million shares for which they paid a total of $21 thousand. These extremely underpriced shares could bring millions in profits to their owners if they decide to unload them on the open market.

If you time your trades just right EURI could offer opportunities for quick gains. The problem is that if you miss the right moment the losses could be simply devastating. The stock already crashed once after reaching a pump-induced high of $0.79. Use caution and never put unaffordable sums of money on the line.